Agency Management

Explorer Insurance Co. is putting the brakes on the company's auto insurance business in the Sunshine State.

"Due to our deteriorating results in Florida, we are reducing all commissions to zero percent, effective Sept. 7, 2010. We appreciate your continued understanding and support."

This fall, IBHS will open a state-of-the-art, multi-hazard testing and research facility in Richburg, S.C. to more accurately evaluate various residential and commercial construction systems, materials and structures.

If there is one thing that is continually stressed in any discussion about catastrophe management for insurance agencies, it is having a plan in place and knowing what it is.

"Disaster has no schedule," warns Bob Boyd, chief executive officer of Agility Recovery Solutions.

I have read with interest NU's numerous articles related to the back and forth between groups which disavow contingent fee arrangements while defending the practice of brokers and agents accepting this form of compensation.